Empowered Funds LLC Has $6.70 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Empowered Funds LLC lowered its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,789 shares of the company's stock after selling 5,300 shares during the quarter. Empowered Funds LLC's holdings in Howmet Aerospace were worth $6,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Lone Pine Capital LLC acquired a new position in shares of Howmet Aerospace during the second quarter worth about $284,539,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company's stock worth $966,959,000 after purchasing an additional 3,158,186 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Howmet Aerospace during the first quarter worth about $148,996,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Howmet Aerospace by 1,168.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after purchasing an additional 1,070,049 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Howmet Aerospace by 341.7% during the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock worth $55,071,000 after acquiring an additional 548,800 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of a number of analyst reports. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday. Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. Barclays lifted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Finally, Truist Financial boosted their price objective on Howmet Aerospace from $123.00 to $128.00 and gave the company a "buy" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $115.41.

Howmet Aerospace Stock Down 1.1 %

Shares of NYSE HWM traded down $1.21 during mid-day trading on Friday, reaching $112.01. The company had a trading volume of 2,221,703 shares, compared to its average volume of 2,380,704. Howmet Aerospace Inc. has a twelve month low of $51.22 and a twelve month high of $116.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock has a market capitalization of $45.51 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The stock's 50 day moving average is $102.37 and its 200-day moving average is $91.29.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, November 8th. Howmet Aerospace's dividend payout ratio is presently 12.21%.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 43.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ken Giacobbe sold 154,909 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now owns 155,135 shares of the company's stock, valued at $14,982,938.30. This trade represents a 49.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.